Banking News

Current accounts and loans abandon the base rate

Financial product providers often come under fire for failing to pass on base rate movement in a bid to increase profit margins, but new research shows some areas are bucking the trend.

HBOS pays £225.4m in dividends to private shareholders

The UK economy will today (Monday 14th May) enjoy a £225.4 million boost as more than 2 million HBOS private shareholders receive their dividends.

Businesses in Birmingham to benefit from alternative approach to banking

Alliance & Leicester Commercial Bank has announced the appointment of David Sheldon, Senior Manager, at the bank’s West Midlands Business Centre, Temple Row, Birmingham, enhancing further the wealth of commercial banking experience in the team.

Invesco Perpetual: MPC decision to raise interest rates

In the same week that the Bank of England celebrated 10 years of independence - since taking over responsibility from the Treasury for setting interest rates - the Monetary Policy Committee (MPC) increased UK interest rates to a six-year high of 5.5%.

UK interest rates rise to 5.5%

The Bank of England’s Monetary Policy Committee today voted to raise interest rates by 0.25 percentage points to 5.5%.

Clydesdale and Yorkshire Banks announce interim results

National Australia Bank Group, owner of the Clydesdale and Yorkshire Banks, has released interim results for its UK operations, for the 6 months to 31 March 2007.

What's a vote worth?

Nationwide Building Society to link AGM voting with donation to athletes with disabilities and also introduces online voting for the first time.

Post Office payout delivers instant cash payments

The way companies issue payments, refunds and product incentives to customers is set to be radically transformed through the launch of the new payout service from the Post Office.

Lloyds TSB announces target for reducing carbon footprint

At its Annual General Meeting on Wednesday 9 May, Lloyds TSB Chairman, Sir Victor Blank, confirmed the Group’s ongoing commitment to tackling the problems relating to climate change.

Banking support for the small business sector flourishes

More than half a million new banking relationships are set up for small businesses every year, the British Bankers’ Association has revealed.

Banks lead progress on treating customers fairly

Customers can be confident of a fair deal from their bank as UK financial institutions make good progress on implementing the treating customers fairly principle [TCF] set by the Financial Services Authority, the British Bankers’ Association said today.